PODCAST

KPMG Financial Reporting Podcast: Bankruptcy & Disc Ops

An overview discussion of the stages of Chapter 11 and potential discontinued operations.

Dan Langlois

Dan Langlois

Partner, Dept. of Professional Practice, KPMG US

+1 212-872-3256

Brian Fields

Brian Fields

Partner, Dept. of Professional Practice, KPMG US

+1 212-872-3397

Podcast overview

In this podcast, specialists from our Department of Professional Practice discuss the implications for the financial statements before, during and after bankruptcy – and the potential for discontinued operations.

Applicability

  • All companies

Relevant dates

  • Effective immediately

Podcast contents

  • 01:20 – What CFOs and controllers should be thinking about if considering bankruptcy
  • 03:30 – Pre-bankruptcy, including debt arrangements
  • 06:00 – When a sold business should be reclassified as a discontinued operation
  • 08:00 – During bankruptcy and financial reporting considerations under Chapter 11 protection
  • 13:35 – Post-bankruptcy, including fresh start accounting